United Nations Calls Cryptocurrency a “New Frontier” in Finance

In a year-end report on the global economy, the United Nations calls cryptocurrency a “new frontier” in digital finance.

The new report from the UN, called the “World Economic and Social Survey 2018”, dives into the advantages of crypto, blockchain and distributed ledger technology.

According to the UN, crypto and blockchain technology at large have the potential to create new and revolutionary business models that cut red tape and dramatically increase efficiency.

In May, the United Nations Office for Project Services (UNOPS) revealed its collaboration with IOTA to “explore how IOTA’s innovative technology – which provides an open-source distributed ledger for data management – can increase the efficiency of UNOPS operations.”